We’re constantly reviewing or updating our broker reviews here at billionaire, and our reviews usually include mention of the quality of a broker’s smartphone or tablet app. We realize that today, in 2017, many users will want to do all of their trades from their phone, so we decided to do a review that focuses entirely on smartphones and tablets.
If you’re looking for a broker overview and links to more general reviews of each online broker, look here
We will try to rank the Top 5 brokers by the quality and features of their smartphone app. In the future, we will try to review all of the others as well
Our Top Pick: Questrade – Questrade is possibly the most innovative of the Canadian discount online brokerage firms and their smartphone app reflects this. It’s simple but fully featured, slick and easy to use. Trading is an absolute delight on this platform. You can sign up for Questrade and get $50 in free trading commissions here
Qtrade – not to be confused with Questrade (strange that we have two Canadian brokers with such a similar name), Qtrade’s smartphone/tablet app is also exemplary. The app is nearly as good as Questrade’s, so there is virtually no difference. Except we think Questrade is a better brokerage overall, so Questrade is probably a better choice.
Scotia iTrade – their online smartphone app is decent, but it’s lacking some of the polish and features shown in the Qtrade and Questrade apps
Virtual Brokers – Virtual brokers is a great overall brokerage for low net worth investors and we highly recommend it. Their app for trading is quite good, but not nearly as easy to use as Questrade. Fortunately it has been improving, so perhaps it will rank higher on the list in future versions
RBC Direct Investing – their smartphone app is quite a bit better than their website. Unfortunately, this doesn’t say much as their website looks like it was made in 2003 and not updated since. I really like RBC and I use them for business banking, but I can’t wholeheartedly recommend their trading app
Note: we’ve looked at almost every smartphone trading app in Canada, but there are a couple we have yet to take a look at. So, if we have a look and they’re better than any of those named in the above list, we will update this article to reflect our findings.